The Bank has released the coincident indexes, which measure current economic activity in each of the 50 states. In January, the indexes increased in 46 states, decreased in two, and remained stable in two. In February, the indexes increased in 46 states, decreased in one, and remained stable in three. Over the past three months, the indexes increased in 49 states and decreased in one (West Virginia). Read the reports.
Manufacturing activity in the region increased modestly in April, according to firms responding to the latest Manufacturing Business Outlook Survey. The diffusion index of current activity, at 7.5, rose from its reading of 5.0 in March. In the special questions, manufacturers were asked about the impact of the stronger dollar on their business. Read the report. Listen to the audio conference.
The Philadelphia Fed has updated its monthly Tri-State Tracking series that provides statewide summaries of economic conditions using monthly and quarterly data of employment, housing, and personal income. Read the reports for Delaware , New Jersey , and Pennsylvania .
Activity in the region's nonmanufacturing sectors continued to expand in March, according to firms responding to this month's Nonmanufacturing Business Outlook Survey. The diffusion index for current activity at the firm level decreased but remained high, at 44.2, in March. Read the report.
The board of directors of the Philadelphia Fed has announced that Patrick T. Harker, 56, currently president of the University of Delaware and a member of the Philadelphia Fed's board of directors, has been named the Bank's 11th president and CEO, effective July 1, 2015. Harker, who has served as a nonbanking Class B director of the Philadelphia Fed for the past three years, will succeed Charles I. Plosser, who retired effective March 1, 2015. Read the press release.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. One of the 12 regional Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware. Learn more about us.
A monthly survey of manufacturers in the Third Federal Reserve District.
A monthly survey of nonmanufacturers in the Third Federal Reserve District.
Combine four state-level indicators to summarize current economic conditions in a single statistic.
Predict the six-month growth rate of the state's coincident index.
Designed to track real macroeconomic activity at high frequency. Last updated on April 16, 2015.